Originally posted by Sonny87
Hi TT,
I think this post is a bit disingenuous.
I would encourage you to speak to Management prior to making statements on their behalf. If you had done this you would know that they never expected to replicate the Australian results. Those results were outstanding and surprised even Management. The difficulties in getting a consensus diagnosis in the US is well known and the tightened protocols were effective in delivering results which demonstrate ResappDx is more accurate than a physician in more than 2/3rds of cases (URTI, LRTI and Asthma) with access to the full suite of diagnostics tools. Obviously these tools will not be available to them through a telehealth consult.
The proposition for Resapp remains the same with the company significantly advanced. CE lodgement this year based on the Australian results is highly likely to deliver approval for all respiratory illnesses in Europe. The application for FDA should also be lodged this year with the argument to be made by the company that the app provides a valuable tool to assists doctors in making an diagnosis. This argument is hard to fault when you consider at the moment a diagnosis for URTI, LRTI and Asthma via telehealth is either based solely on listening or cannot be made at all.
I have not even touched on the sleep apnea results or WASH program.
To me the most recent results have shaken out ill-informed investors who were hoping for a single golden goose moment. Unfortunately in the real world amazing companies are built on the back of years of hard work and not a single moment or FOMO.
Everyone is free to make their own investment decisions however I would encourage you to honestly assess the position of company rather than retrospectively justify your decision to sell.
Cheers.
Hmmm... disingenuous. That would be like claiming I spoke on behalf of Resapp management when what I said was "including Resapp management, I believe" which is clearly a statement of opinion rather than posing it as a fact.
But I'd like to take up your point about the difference between what the market expected and what the management expected out of Smartcough-C2.
Firstly, Resapp has released a string of announcements since the Australian paediatric results. The company did not indicate in any of those announcements that the US results were expected to be markedly different from the Australian ones. Further, the announcement of 3-Sep, the September Company Update, and the Annual Financial Report (under "subsequent events") all closely juxtaposed the Australian results and discussion of the upcoming US results;
which serves to strengthen the expectation that the US and Australian results will be similar.
Also, the company had one more opportunity on 17-Oct to set the record straight in their response to the ASX price query. Here again the company failed to identify and correct the effect of a possible misunderstanding about what the US trial results might be in relation to the Australian results.
So in my opinion Tony Keating's comments about the market being insufficiently educated about what to expect, and about him being surprised by the market's reactions fall
directly under the heading of "disingenuous" because it was Resapp that quite explicitly created the false expectation in the first place.
Given that the company was publicly silent about their expectations, I find it quite disturbing to learn from you that they were disclosing this unarguably price sensitive information privately to individuals over the telephone!
Originally posted by .@#.
As metaphors seem to be the educational tool dejour, let me indulge; you spot a burning building and hear cries for help. At a critical moment a hulking hero enters stage left sporting hi-viz overalls and a hard hat, brandishing a hose. In the chaos, no one seems to notice the hero is also wearing a T-shirt enblazoned with "I am not a firefighter". Now the question is, how should onlookers react when the hero fails to live up to expectation and neither puts out the fire nor saves the buildings occupants? Should they chastise themselves for their own silly expectations in the first place? Get upset with the faux hero for breaking their hearts? Or, wonder is they should have tried to do more themselves?
Obviously, this is a made up story, akin to a cartoon (any resemblance to real life events is purely coincidental and I apologise in advance for any offense caused). The point is that even critical opinions have a purpose if only to keep punters' faculties sharp and eyes wide open.
Should they chastise themselves for their own silly expectations in the first place? Get upset with the faux hero for breaking their hearts? Or, wonder is they should have tried to do more themselves?
As explained above, the "silly expectations" were set quite explicitly and consistently by Resapp themselves across a series of announcements.
